Connor Clark & Lunn Investment Management Ltd. Purchases 80,746 Shares of NETGEAR, Inc. (NASDAQ:NTGR)

Connor Clark & Lunn Investment Management Ltd. boosted its position in NETGEAR, Inc. (NASDAQ:NTGR) by 124.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 145,413 shares of the communications equipment provider’s stock after purchasing an additional 80,746 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.51% of NETGEAR worth $2,917,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in NETGEAR in the 3rd quarter valued at approximately $91,000. Empowered Funds LLC increased its position in NETGEAR by 23.2% during the 3rd quarter. Empowered Funds LLC now owns 141,976 shares of the communications equipment provider’s stock valued at $2,848,000 after purchasing an additional 26,756 shares during the period. Versor Investments LP acquired a new stake in shares of NETGEAR during the third quarter worth $235,000. Los Angeles Capital Management LLC acquired a new stake in NETGEAR during the 3rd quarter worth about $1,805,000. Finally, Values First Advisors Inc. acquired a new position in shares of NETGEAR in the 3rd quarter valued at about $144,000. 82.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised NETGEAR from a “hold” rating to a “buy” rating in a research note on Friday, November 1st.

NETGEAR Price Performance

Shares of NTGR opened at $24.30 on Monday. The stock has a 50-day moving average of $21.58 and a 200-day moving average of $17.24. NETGEAR, Inc. has a one year low of $10.48 and a one year high of $25.06. The company has a market cap of $699.11 million, a PE ratio of 37.38 and a beta of 0.83.

Insider Buying and Selling at NETGEAR

In other news, Director Thomas H. Waechter sold 2,500 shares of NETGEAR stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $20.00, for a total transaction of $50,000.00. Following the completion of the transaction, the director now directly owns 65,318 shares in the company, valued at $1,306,360. This trade represents a 3.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.00% of the company’s stock.

NETGEAR Company Profile

NETGEAR, Inc provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific. The company operates in two segments, Connected Home, and NETGEAR for Business. The Connected Home segment offers Wi-Fi routers and home Wi-Fi mesh systems, Wi-Fi hotspots, digital displays, broadband modems, Wi-Fi gateways, Wi-Fi range extenders, powerline adapters, and Wi-Fi network adapters; and provides value-added service offerings, including security and privacy, technical support, and parental controls.